It is never too early to start your estate plan. An estate plan includes;
Your estate plan will organize your affairs, document your wishes, and ensure you are taken care of during your elder years or during incapacity. By having these documents prepared, you are making wishes and instructions known to your family and friends. This will help them assist you.
Making an appointment
At your first appointment, you do not need to have all the answers. You only need to make an appointment to start the process for your estate plan.
Your first appointment
Please bring in two pieces of valid identification to your appointment. You can also bring in your old Will and any information on Property you own such as a BC Assessment or State of Title Certificate.
The first appointment with you is typically one hour. At this appointment we will work together to outline an estate plan to meets your needs. We will discuss who should do the essential jobs in the estate planning documents, such as; executor, guardian, attorney and representative. We will discuss how your loved ones should inherit your assets and what kind of tax planning is appropriate for your estate.
What information do you need to bring to your first appointment?
1. Address for properties that you own
2. List of other assets (including bank accounts, investments, TFSA, RRSPs, life insurance, etc.)
3. Full legal name and address for your primary and alternate executor
4. Full legal name and address for your guardian(s)
Your signing appointment
Once your estate planning documents are prepared, you will come back to our office to review and sign. In most cases, we like to schedule the signing appointment within a week of the first appointment. Once your estate planning documents are signed, you take home the original signed documents. Our office will keep a copy of the documents, however, we do not keep original signed estate planning documents.
Why do I need an estate plan?
Your spouse and children do not automatically inherit your estate if you die without a Will. They also cannot automatically sign on your behalf if you lose capacity. In order to help your family and friends manage your affairs when you have lost capacity or when you die, appointing someone to be your attorney or executor in your Will can be done by a Power of Attorney and Will prepared by our office.